$80,982.00
-1.34%$1,549.45
-4.08%$2.00
-0.10%$580.60
0.27%$116.54
0.39%$0.999928
-0.00%$0.156713
-0.84%$0.629776
0.68%$0.234739
-3.08%$1,547.13
-3.98%$81,022.00
-1.22%$9.42
0.35%$12.41
-0.30%$18.52
1.45%$0.999747
-0.02%$0.171841
-0.08%$2.92
-3.57%$0.234834
-0.42%$2.19
1.21%$0.00001197
0.04%$1,862.57
-3.69%$6.42
-5.19%$296.94
-0.94%$75.46
0.84%$3.50
-2.55%$1.001
0.04%$15.32
12.01%$4.24
-1.17%$0.998148
-0.11%$1,553.93
-3.78%$0.59643
-0.56%$27.85
-0.81%$202.62
-0.76%$1,651.43
-3.90%$53.36
-0.39%$5.16
-1.98%$1.048
0.06%$0.00000681
0.45%$4.72
2.11%$80,961.00
-1.50%$22.00
-0.86%$0.834706
-0.72%$30.92
-2.20%$2.04
-1.54%$4.93
-2.13%$0.087069
-0.83%$0.692342
-0.76%$1.00
0.00%$14.97
-0.58%$1.16
-0.04%$243.28
2.04%$135.79
-3.05%$4.32
-3.16%$0.073722
9.89%$3.67
9.27%$0.02173079
-1.01%$0.998056
-0.10%$0.31475
2.45%$4.03
-0.15%$80,924.00
-1.26%$8.02
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-0.13%$2.41
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0.66%$0.47243
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2.48%$3.58
-0.37%$10.31
-0.44%$80,594.00
-1.49%$0.431078
0.72%$1,321.88
0.05%$0.655093
-0.28%$4.12
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1.40%$121.64
0.12%$0.633052
-6.36%$1,551.25
-4.01%$64.28
-1.29%$0.613269
-0.60%$1,611.66
-3.98%$0.718844
0.70%$0.01396707
-6.36%$0.870704
19.13%$0.00001115
2.75%$1.001
0.06%$14.59
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3.04%$0.999359
-0.05%$0.99931
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2.49%$3,223.67
3.21%$0.594407
16.77%$1,748.70
-4.03%$0.07861
-0.44%$0.152997
0.17%$0.73225
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2.98%$0.403643
-0.14%$79,162.00
-2.56%$581.30
0.40%$0.02032391
81.19%$80,814.00
-1.61%$0.724177
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1.50%$0.998852
-0.05%$0.01416537
0.22%$0.488665
2.10%$1,647.69
-4.01%$0.160894
0.85%$0.01225543
9.60%$0.100724
-0.33%$36.72
11.89%$2.01
6.18%$0.00000059
-1.81%$0.544205
-6.17%$27.97
-0.84%$0.346982
0.22%$3.35
1.87%$3.00
10.14%$1.71
0.11%$149.42
0.18%$0.999809
0.06%$0.524938
7.22%$0.00005371
0.45%$1.75
3.02%$128.04
1.03%$0.996578
0.01%$1,616.41
-3.85%$0.068997
2.31%$0.507019
12.06%$14.02
-0.55%$0.999996
0.00%$0.125965
0.33%$78,810.00
7.23%$0.41641
-1.05%$0.240636
5.41%$1.00
0.03%$4.07
3.45%$1.59
0.51%$0.00472601
-1.05%$1.10
0.44%$0.00761462
0.70%$0.5558
1.06%$80,925.00
-1.44%$0.00000041
-0.96%$1.007
0.82%$81,238.00
-0.18%$1.082
0.00%$0.153597
-3.79%$0.156852
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0.26%$110.64
0.01%$0.99967
-0.03%$1.10
0.03%$1.001
0.16%$2.40
-0.07%$0.37988
1.53%$0.00001905
2.82%$1.79
2.35%$0.129728
-3.45%$0.03946197
0.31%$5.27
-5.29%$1,647.32
-3.95%$22.51
0.26%$80,658.00
-1.35%$40.71
1.93%$0.070732
-2.10%$77,106.00
0.00%$5.39
2.26%$1.00
0.40%$0.550165
-3.02%$0.00643292
1.34%$1,548.67
-4.06%$0.416817
-0.06%$0.166566
-4.13%$1,548.63
-4.38%$0.072178
-2.61%$1,548.41
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4.91%$0.999315
0.09%$0.775302
0.09%$0.18354
-0.03%$0.999664
-0.02%$1,618.24
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0.44%$0.999262
0.01%$0.478016
1.81%$0.00000152
-3.58%$0.00365797
4.01%$0.146917
1.18%$0.367936
-4.39%$0.999771
0.00%$0.701937
31.82%$0.309154
-1.18%$0.02927011
-3.30%$1,550.41
-3.97%$1,569.76
-3.76%$2.51
1.74%$0.00435176
-0.54%$3,193.81
2.93%$102.58
-0.81%$0.467769
8.38%$1.065
4.74%$2.72
2.82%$80,851.00
-1.24%$0.209587
-0.79%$0.218139
0.33%$0.565432
0.77%$0.02526831
-9.44%$80,799.00
-1.33%$0.03140281
3.70%$20.22
-2.00%$1,532.80
-3.90%$0.000416
-2.08%$0.999893
-0.00%$0.481576
0.58%$1.006
-3.48%$0.238126
-2.64%$0.169798
-1.25%$1,548.26
-4.06%$20.90
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-4.42%$18.57
1.66%$0.494414
3.78%$0.997399
-0.12%$1,635.54
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3.75%$1,626.35
-1.16%$0.094998
0.43%$0.638722
1.07%$13.21
-0.41%$0.633275
6.77%$0.01082191
1.30%$1,695.00
-3.97%$0.999583
-0.06%$3.17
-0.58%$1,682.81
-4.18%$80,948.00
-0.37%$0.999763
-0.00%$0.827386
-2.24%$1.89
-1.75%$0.0022301
3.01%$0.00264809
1.33%Reading
Shaan Puri, who served as CEO of now-defunct social networking platform Bebo between 2017–2019, has invested 25% of his capital in Bitcoin, he announced on Twitter today.
“I have moved 25% into Bitcoin,” said Puri.
I have moved 25% into Bitcoin 🌝
— Shaan Puri (@ShaanVP) December 10, 2020
Puri cited the recent influx of institutional players and Bitcoin’s latest price rally (which seems to be scaling down a bit in the last couple of days) as the main reasons for his investment.
“I think it’s a rare opportunity to front run a wave of institutional capital that will come into btc in the next 2 years,” Puri explained, adding, “And I think people think this time it hits $20k is ‘just like last time’ but it’s not for many reasons!”
I think it’s a rare opportunity to front run a wave of institutional capital that will come into btc in the next 2 years
And I think people think this time it hits $20k is “just like last time” but it’s not for many reasons!
— Shaan Puri (@ShaanVP) December 10, 2020
As Decrypt reported, institutional investors are indeed flocking into the crypto space lately. Platforms that support institutional investors, such as Grayscale, have seen huge inflows of Bitcoin over the last six months.
Strategists at JPMorgan Chase & Co have asserted that, thanks to attention from big players, Bitcoin has begun—and will likely continue—to cut into gold’s value.
Shaan Puri was appointed as Bebo’s CEO in 2017, long after the company went bankrupt in 2013. Prior to that, the platform was acquired by AOL for $850 million in 2008, and less than two years later—by Criterion Capital for $25 million.
After Bebo filed for bankruptcy in 2013, its original founders bought the platform back for $1 million and vowed to reimagine it. This task was eventually delegated to Monkey Inferno, a small team that Puri led. In 2014, it revealed Blab, a ‘video walkie-talkie’ service that similarly failed to gain any long-term traction in the end. In 2017, Puri became Bebo’s CEO.
Crypto management firm Bitwise Asset Management today announced that shares of its 10 Crypto Index Fund are live. Known as The Fund, the crypto index tracks the 10 largest cryptocurrencies and allows investors—both retail and accredited—to buy shares that represent them. It is billed as the first publicly traded crypto index fund in the US; its ticker symbol on the over-the-counter stocks marketplace OTCQX is “BITW.” BITW is the first crypto index fund that trades in traditional US brokerage...
In 2019, Bebo changed hands yet again. In a bid to reinforce its e-sports initiatives, steaming platform Twitch (owned by Amazon) bought the company for $25 million. Since then, Puri has been working as senior director of product at Twitch.
Some commenters noted that Puri might be late to the Bitcoin party, although one noted that “10x on your position is still good!” (It is not known whether Bitcoin will increase or decrease in value).
It’s good enough for chumps like me!
— Shaan Puri (@ShaanVP) December 10, 2020
“It’s good enough for chumps like me!” Puri replied.
The Trump family’s crypto platform, World Liberty Financial, has denied the project sold off millions worth of Ethereum earlier this week at a massive loss, dismissing reports to that effect as “wholly inaccurate.” “The claims that World Liberty Financial has sold any of its holdings are wholly inaccurate,” a company representative told Decrypt Thursday. “WLFI has not sold any positions as currently reported. Speculation to the contrary is false.” Yesterday, reports circulated that the project s...
Asset manager 21Shares has applied for a Dogecoin exchange-traded fund in the U.S. backed by the House of Doge, underscoring the growing interest in the popular meme token. . On Wednesday, the firm submitted an S-1 registration statement to the Securities and Exchange Commission for its 21Shares Dogecoin ETF. If approved, the proposed fund would offer investors direct exposure to Dogecoin’s price movements. The Dogecoin Foundation’s corporate arm, House of DOGE, plans to market the fund when a...
Thailand has shut the door on unregulated foreign crypto services as it ramps up efforts to tackle online financial crime, backed by sweeping new legal amendments that target everything from mule accounts to rogue P2P platforms. The Thai Securities and Exchange Commission announced Tuesday that the cabinet has approved updates to key emergency decrees, introducing new measures to regulate digital asset businesses and prevent cybercrime. The SEC said the new laws will be used for “deterring and p...
